(Reuters) – Kroger Co missed quarterly same-store sales estimates on Thursday, as disruptions caused by the supermarket chain changing the way it stocks merchandise on shelves kept some customers away from its stores.
Kroger CEO Rodney McMullen at the supermarket company’s headquarters in Cincinnati, Ohio, U.S., June 28, 2018. REUTERS/Lisa Baertlein
Cincinnati-based Kroger said net income rose to $508 million, or 62 cents per share, in the second quarter ended Aug. 18, from $353 million, or 39 cents per share, a year earlier.
The company’s same-store sales, excluding fuel, rose 1.6…